SF Holding’s controlling shareholder pledges shares as operational performance rises

Shenzhen Mindong Holdings, SF Holding's controlling shareholder, has pledged 42,000,000 A-shares. This represents 1.71% of its holdings and 0.83% of the company's total share capital. These pledges, made to Industrial and Commercial Bank of China, Postal Savings Bank of China, and China CITIC Bank on October 16, 2025, are for financing purposes. Mindong Holdings currently holds 2,461,920,119 A-shares, with 904,592,980 shares now pledged, totaling 36.74% of its A-share holdings.

Separately, SF Holding announced its September 2025 operating performance. Total revenue reached RMB270.07 bn, an 8.78% year-on-year increase. The express logistics segment saw revenue climb 14.21% to RMB208.54 bn, with parcel volume up 31.81% to 1.504 bn, though average revenue per parcel decreased by 13.31% to RMB13.87.

The supply chain and international business segment recorded a 6.30% decrease in revenue to RMB61.53 bn. This was attributed to fluctuations in international trade and a softening freight market, particularly a significant decline in sea freight prices compared to the previous year. The board of directors meeting to review Q3 2025 results will be held on October 30, 2025.